---
title: "Gallagher vs Travelers Fidelity Bonds"
description: "Gallagher brokers ERISA-sized fidelity with peer analysis; Travelers underwrites ERISA fidelity insurance through independent agents."
canonical: "https://spot.insure/compare/gallagher-vs-travelers/fidelity-bonds"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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[Human-readable page](https://spot.insure/compare/gallagher-vs-travelers/fidelity-bonds)

# Gallagher vs Travelers Fidelity Bonds

Gallagher brokers ERISA-sized fidelity with peer analysis; Travelers underwrites ERISA fidelity insurance through independent agents.

## Research Scope and Use

Use this comparison to evaluate Gallagher and Travelers for Fidelity Bonds against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Gallagher places fidelity bonds beside crime cover and describes an ERISA-linked limit method, peer analysis and claims-trigger review. Travelers lists ERISA fidelity as a product it provides, covering a benefit plan against fraud or dishonesty by people who handle plan funds, sold through an independent agent. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [10](https://www.travelers.com/surety-bond "Surety Bonds")

## What Is Gallagher?

Gallagher is a business-insurance broker and risk-management consultancy. Its technology practice serves startups through global enterprises, alongside a separate small-business offering for IT professionals and an executive-risk practice covering D&O and transaction-related coverages. Woodruff Sawyer is now part of Gallagher. [1](https://www.ajg.com/industries/technology-insurance/ "Technology Insurance") [2](https://www.gallaghersmallbusiness.com/technology-services/ "Insurance for Technology & IT Businesses") [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [4](https://www.gallaghersmallbusiness.com/legal-information/ "Legal Information") [5](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/ "Woodruff Sawyer Is Now Gallagher")

[Gallagher profile](https://spot.insure/insurance-providers/gallagher)

## What Is Travelers Insurance?

Travelers is a U.S. property-casualty insurance group that markets business coverage, including a technology practice, through independent agents and brokers. Buyers can investigate CyberRisk Tech, a small-business technology-services policy, and other commercial lines, then confirm the issuing company and California availability on a quote. [6](https://www.travelers.com/business-insurance/technology "Technology Insurance") [7](https://www.travelers.com/about-travelers/producer-compensation-disclosure "Travelers Producer Compensation Disclosure (United States)") [8](https://www.travelers.com/contact-us "Contact Us")

[Travelers profile](https://spot.insure/insurance-providers/travelers)

## What Are Fidelity Bonds?

Fidelity bonds and employee-dishonesty policies address losses caused by dishonest employees, within the limits and terms purchased. [11](https://content.naic.org/glossary-insurance-terms "Glossary of Insurance Terms")

## Key Differences in Fidelity Bonds

### Broker Practice Versus Travelers Product

Gallagher’s Executive and Financial Risk practice places fidelity with outside carriers and does not underwrite the bond. Travelers lists ERISA fidelity insurance on its Management & Professional Liability product list and ERISA Fidelity on its surety-bond list, so the reviewed Travelers offering is a product Travelers catalogs itself. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [10](https://www.travelers.com/surety-bond "Surety Bonds")

### Limit Work Versus Coverage Sentence

Gallagher ties recommended limits to ERISA required amounts and cites peer analysis plus an exposure index, and says it reviews older-incident treatment and claims triggers. Travelers describes the insurance as covering an employee benefit plan against fraud or dishonesty such as theft, embezzlement or forgery, without publishing bond amounts on the reviewed pages. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance")

### How You Buy

Gallagher’s reviewed page is a practice description. Travelers says ERISA fidelity is bought through a Travelers independent agent. Gallagher does not name the issuing insurer for a given client; Travelers’ pages do not publish premiums. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [10](https://www.travelers.com/surety-bond "Surety Bonds")

## What to Confirm in Fidelity Bonds Quotes

- Ask Gallagher which carrier it would use and the ERISA-linked recommended penalty. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance")
- Ask the Travelers agent for the bond amount, named plan and whether crime cover is separate. [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance")
- Compare claims-trigger and prior-acts wording against Gallagher’s stated review practice. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance")
- Confirm whether Travelers is issuing as surety, as insurance, or both labels on the quote. [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [10](https://www.travelers.com/surety-bond "Surety Bonds")

## Offering Details

| Criteria | Gallagher Fidelity Bond Insurance | Travelers ERISA Fidelity Insurance |
| --- | --- | --- |
| Role in This Line | Gallagher's Executive and Financial Risk practice places fidelity bond coverage with outside carriers alongside its employee-dishonesty (crime) coverage; it does not underwrite the bond. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page; fidelity bonds are described jointly with crime coverage, not as a fully separate section..) | Travelers lists ERISA fidelity as one of its Management & Professional Liability products, and separately lists ERISA Fidelity among the bond types it provides on its surety bond page. [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [10](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Company-reported; scope: Management & Professional Liability product list and Surety Bonds product list..) |
| Issuing Insurer | The executive-and-financial-risk page does not name the insurer that would issue a given client's fidelity bond. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Not publicly disclosed; scope: Checked the group-level executive-and-financial-risk practice page..) | Not described in the reviewed sources. |
| Who It’s For | Gallagher ties fidelity bond limit-setting to a client's required bond limits under ERISA, indicating this offering is aimed at plan sponsors and fiduciaries needing ERISA fidelity bonding rather than a general commercial audience. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) | Travelers offers ERISA fidelity coverage as part of a product suite that also covers private companies, public companies, nonprofit organizations and financial institutions, but the reviewed pages do not name specific eligible business sizes or industries for the ERISA fidelity product itself. [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") (Evidence: Not publicly disclosed; scope: Management & Professional Liability Insurance page general eligibility statement..) |
| Coverage Features | Not described in the reviewed sources. | Travelers describes ERISA fidelity insurance as covering an employee benefit plan against losses caused by acts of fraud or dishonesty, such as theft, embezzlement or forgery, by the people who handle plan funds. [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") (Evidence: Company-reported; scope: Management & Professional Liability Insurance page, ERISA fidelity insurance entry; exact terms and required minimum bond amounts are set by ERISA and the issued bond..) |
| Limits and Retentions | The page does not publish specific fidelity bond limits or premium ranges beyond describing the ERISA-linked methodology used to recommend a limit. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Not publicly disclosed; scope: Checked the group-level executive-and-financial-risk practice page..) | Neither reviewed page publishes bond amounts, premiums or terms for ERISA fidelity coverage; federal ERISA rules set minimum bonding requirements, but Travelers' specific offer would appear on a quote. [9](https://www.travelers.com/business-insurance/professional-liability-insurance "Management and Professional Liability Insurance") [10](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Not found in reviewed sources; scope: Management & Professional Liability and Surety Bonds pages as read on 2026-09-23..) |
| Risk Services | Gallagher says its methodology for fidelity bond and crime limits includes peer analysis using third-party databases and an exposure index developed by the Surety Association of America with the American Institute of Accountants. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) | Not described in the reviewed sources. |
| How to Apply | Not described in the reviewed sources. | ERISA fidelity coverage is bought through a Travelers independent agent. [10](https://www.travelers.com/surety-bond "Surety Bonds") (Evidence: Company-reported; scope: Surety Bonds page "Find an insurance agent" call to action..) |
| Claims Support | Gallagher says it reviews coverage to confirm the carrier allows appropriate treatment of older incidents and does not use claims triggers that are too difficult to prove, a review it applies to the same crime-and-fidelity offering. [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page; a stated review practice, not a guarantee of claim payment..) | Not described in the reviewed sources. |

## Full Comparison

- [Gallagher vs Travelers](https://spot.insure/compare/gallagher-vs-travelers): all coverage lines, business roles, service and claims.
- [What Are Fidelity Bonds?](https://spot.insure/coverage/fidelity-bonds): Fidelity bonds and employee-dishonesty coverage protect against specified losses caused by dishonest employees or people handling plan assets.
- [Gallagher vs Travelers Business Owner’s Policy](https://spot.insure/compare/gallagher-vs-travelers/business-owners-policy)
- [Gallagher vs Travelers Commercial Auto Insurance](https://spot.insure/compare/gallagher-vs-travelers/commercial-auto)
- [Gallagher vs Travelers Commercial Property Insurance](https://spot.insure/compare/gallagher-vs-travelers/commercial-property)
- [Gallagher vs Travelers Crime Insurance](https://spot.insure/compare/gallagher-vs-travelers/crime)
- [Gallagher vs Travelers Cyber Insurance](https://spot.insure/compare/gallagher-vs-travelers/cyber)
- [Gallagher vs Travelers D&O Insurance](https://spot.insure/compare/gallagher-vs-travelers/directors-officers)
- [Gallagher vs Travelers Employment Practices Liability Insurance](https://spot.insure/compare/gallagher-vs-travelers/employment-practices)
- [Gallagher vs Travelers Fiduciary Liability Insurance](https://spot.insure/compare/gallagher-vs-travelers/fiduciary)
- [Gallagher vs Travelers General Liability Insurance](https://spot.insure/compare/gallagher-vs-travelers/general-liability)
- [Gallagher vs Travelers Kidnap and Ransom Insurance](https://spot.insure/compare/gallagher-vs-travelers/kidnap-ransom)
- [Gallagher vs Travelers Professional Liability (E&O) Insurance](https://spot.insure/compare/gallagher-vs-travelers/professional-errors-omissions)
- [Gallagher vs Travelers Surety Bonds](https://spot.insure/compare/gallagher-vs-travelers/surety-bonds)
- [Gallagher vs Travelers Tech E&O Insurance](https://spot.insure/compare/gallagher-vs-travelers/technology-errors-omissions)
- [Gallagher vs Travelers Umbrella and Excess Liability Insurance](https://spot.insure/compare/gallagher-vs-travelers/umbrella-excess)
- [Gallagher vs Travelers Workers’ Compensation Insurance](https://spot.insure/compare/gallagher-vs-travelers/workers-compensation)
- [Beazley vs Gallagher Fidelity Bonds](https://spot.insure/compare/beazley-vs-gallagher/fidelity-bonds)
- [Beazley vs Travelers Fidelity Bonds](https://spot.insure/compare/beazley-vs-travelers/fidelity-bonds)
- [Coverdash vs Gallagher Fidelity Bonds](https://spot.insure/compare/coverdash-vs-gallagher/fidelity-bonds)
- [Coverdash vs Travelers Fidelity Bonds](https://spot.insure/compare/coverdash-vs-travelers/fidelity-bonds)
- [Founder Shield vs Gallagher Fidelity Bonds](https://spot.insure/compare/foundershield-vs-gallagher/fidelity-bonds)
- [Founder Shield vs Travelers Fidelity Bonds](https://spot.insure/compare/foundershield-vs-travelers/fidelity-bonds)

## Sources

### Gallagher

1. [Technology Insurance](https://www.ajg.com/industries/technology-insurance/). Gallagher; Introduction; Solutions and coverages for the technology industry: Technology errors and omissions including cyber, Intellectual property insurance, Product liability, Employee benefits; Data-driven insights; global network. Accessed 2026-09-16.
2. [Insurance for Technology & IT Businesses](https://www.gallaghersmallbusiness.com/technology-services/). Gallagher Small Business; Protection for IT Professionals & Their Technology-Based Businesses; recommended coverage menu, including Surety Bond Programs; Connect With An Advisor. Accessed 2026-09-16.
3. [Executive and Financial Risk Insurance](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/). Gallagher; Employee Dishonesty (Crime) and Fidelity Bond insurance section. Accessed 2026-09-23.
4. [Legal Information](https://www.gallaghersmallbusiness.com/legal-information/). Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16.
5. [Woodruff Sawyer Is Now Gallagher](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/). Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16.

### Travelers

6. [Technology Insurance](https://www.travelers.com/business-insurance/technology). Travelers; Technology insurance products we offer: CyberRisk Tech, Global Companion Plus+, general liability, commercial property, workers compensation, commercial auto, umbrella; startup-to-established-leader audience. Accessed 2026-09-16.
7. [Travelers Producer Compensation Disclosure (United States)](https://www.travelers.com/about-travelers/producer-compensation-disclosure). Travelers; Independent producers; seven compensation types; Simply Business, Inc. and InsuraMatch, LLC ownership; The Travelers Indemnity Company footer; Northfield Excess & Surplus Lines product list. Accessed 2026-09-16.
8. [Contact Us](https://www.travelers.com/contact-us). Travelers; Business insurance sold through independent agents; business claims 1.800.238.6225; MyTravelers for business features. Accessed 2026-09-16.
9. [Management and Professional Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance). Travelers; "Select a product" list: ERISA fidelity insurance — "helps cover an employee benefit plan against losses caused by acts of fraud or dishonesty such as theft, embezzlement or forgery". Accessed 2026-09-23.
10. [Surety Bonds](https://www.travelers.com/surety-bond). Travelers; "Surety bonds provided by Travelers" list, including ERISA Fidelity. Accessed 2026-09-23.

### Fidelity Bonds Guide

11. [Glossary of Insurance Terms](https://content.naic.org/glossary-insurance-terms). National Association of Insurance Commissioners; Fidelity; Surety Bond. Accessed 2026-09-16.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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